Beginning in 2008, you can roll over (convert) amounts from a qualified retirement plan to a Roth IRA. Generally, the 10% tax on early distributions does not apply to these rollovers. See Rollover on page 2 for more information.

If your economic stimulus payment was directly deposited into a tax-favored account (such as your individual retirement arrangement (IRA), Coverdell education savings account (ESA), Archer MSA, health savings account (HSA), or qualified tuition program (QTP) account), you can withdraw all or part of the payment. The amount withdrawn will not be considered as contributed to or distributed from the account and is not subject to any additional tax or penalty. The withdrawal must be made by the due date (including extensions) for filing your 2008 tax return. For a Coverdell ESA, the withdrawal can be made by the later of the above date or June 1, 2009.

The additional tax on early distributions does not apply to qualified disaster recovery assistance distributions. See Form 8930, Qualified Disaster Recovery Assistance Retirement Plan Distributions and Repayments, for more information.

The additional tax on early distributions does not apply to qualified recovery assistance distributions. See Pub. 4492-A, Information for Taxpayers Affected by the May 4, 2007, Kansas Storms and Tornadoes, for more information.

For 2009, you are not required to take a minimum distribution from your employer-provided qualified retirement plan or IRA. For more information, see Pub. 575, Pension and Annuity Income, or Pub. 590, Individual Retirement Arrangements (IRAs).